We have used 25% lump sum wisely, say four in five freedoms users

James Phillips
clock • 2 min read

Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.

Nearly four in five (79%) believe they have used their 25% tax-free lump sum "wisely", the insurer found, with 25% stating they had used it to pay off existing debt. Further, just 16% have the f...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Partner Insight: Why active investing is becoming more outcome-oriented

Partner Insight: Why active investing is becoming more outcome-oriented

As pension schemes and institutional investors face increasingly complex objectives, active investing is evolving beyond security selection towards more purposeful portfolio design and implementation.

Samantha Ricciardi, Head of EMEA, Fidelity International
clock 14 October 2026 • 5 min read
L&G launches employer-led pensions engagement pilot

L&G launches employer-led pensions engagement pilot

Pilot designed to assess whether education provided by employers boosts engagement

Martin Richmond
clock 12 October 2026 • 3 min read
PPI: Over three million pension pots remain lost in the UK

PPI: Over three million pension pots remain lost in the UK

PPI says average value of pot is more than £6,000, with total asset values hitting £18.7bn

Martin Richmond
clock 12 October 2026 • 4 min read
Trustpilot